Indian Hotels drops 3% as loss widens in Q1

Shares of Indian Hotels dropped 3 per cent in Thursday’s trade after the hotelier reported widening of consolidated net loss to Rs 166.75 crore for the June quarter. The company had reported a Rs 51.72 crore loss for the June quarter and Rs 45.29 crore profit for the corresponding quarter last year.

The above is an extract of the original article available at: snapshot.travel

 

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About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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